Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Chartered Accountancy Charter

Section C From Theory to Practice: The Scorecard

13. The QSE Scorecard for the CA Sector

13.2 Application of the CA Sector QSE Scorecard
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The table below represents the QSE Scorecard and contains the Elements and Weighting points attached to each Element:

 

Element

Weighting

(points)

Framework

 

Ownership

25

Management Control

25

Employment Equity

25

Skills Development

25

Preferential Procurement

25

Enterprise Development

25

Socio-Economic Development contributions

25

 

•Any enterprise with an annual Total Revenue of between R5 million and R35 million qualifies as a QSE.

 

•A QSE must select any four of the seven Elements of B-BBEE for purposes of measurement under the QSE Scorecard.

 

•A QSE will be scored in proportion to the extent that it meets the compliance Targets of those four Elements.

 

•Wherever a Standard Valuation Method applies to measuring an indicator, the same standard should apply, as far as reasonably possible, in all other applicable calculations.

 

•The adjusted recognition for gender must be used for the purposes of calculating the Employment Equity, Skills Development and Management Control Elements of the QSE Scorecard. In each case the following formula is used for the calculation:

 

 

C  is limited to a maximum of 50% the Target

 

Where      A      =      Adjusted recognition for gender

                   B      =      percentage of Employees in the measurement category that are Black People

                   C      =      percentage of Employees in the measurement category that are black women